Indo-MIM IPO

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Indo-MIM IPO details

To be announced
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About Indo-MIM

Indo-MIM Limited is a precision engineering company incorporated in 1996.
The company was founded to manufacture complex metal components using metal injection moulding (MIM) technology. It is promoted by Green Meadows Investments Ltd, Krishna Chivukula, Krishna Chivukula Jr., Raj Chivukula and Jagadamba Chandrasekhar.Indo-MIM provides end-to-end manufacturing solutions, covering product design, tooling, moulding, finishing and assembly . Its operations are supported by advanced manufacturing technologies such as MIM, ceramic injection moulding, investment casting, precision machining and metal 3D printing. The company serves a diversified global customer base across automotive, defence, aerospace, medical and consumer sectors. The business follows a B2B model, focusing on long-term customer relationships and direct sales. A significant portion of revenue is derived from exports, with products supplied to customers in over 50 countries.Indo-MIM’s key strengths include deep engineering expertise, integrated manufacturing capabilities, global scale, and a strong track record of quality and reliability built over more than two decades of operations 

Financials of Indo-MIM

Utilisation of proceeds

Purpose INR crores (%)
Repayment/prepayment of borrowings 720 (72%)
General corporate purposes 280 (28%)

Strengths

  • Over 25 years of experience in metal injection moulding and precision engineering.
  • End-to-end manufacturing capabilities from design to assembly.
  • Diversified presence across automotive, defence, medical, aerospace and consumer sectors.
  • Strong global footprint with exports to 50+ countries.
  • Advanced manufacturing technologies, including MIM, CIM and metal 3D printing.

Risks

  • High dependence on a limited number of top customers for revenue.
  • Significant exposure to exports and global market conditions.
  • Dependence on uninterrupted operations at manufacturing facilities.
  • Exposure to raw material price volatility and import dependence.
  • Pricing pressure from customers is affecting margins.